Sphere Entertainment

SPHR

Market cap $2.15B

Sphere Entertainment is a buy, with management aligning its business model and shares up 45% in the past month. SPHR's competitive advantage lies in its unique immersive experiences, driving high demand and daily revenues exceeding $2 million despite a weak Las Vegas tourism market. Valuation using conservative DCF assumptions suggests a fair value of $82.62 per share, offering a 25.7% upside from current levels.

Sphere Entertainment Co. is rated a buy, driven by strong demand for the Las Vegas Sphere and innovative entertainment experiences. SPHR's financials have improved, with Sphere segment revenue up 16% and a significant turnaround in operating income, despite MSG Networks' revenue decline. The Wizard of Oz immersive show and rapid stock buybacks highlight management confidence and the venue's strong ROI potential.

The 1939 film "The Wizard of Oz" has new life once again and is helping to boost shares of Sphere Entertainment Co SPHR. Here's a look at the latest figures and why the film could be critical to the Sphere bull thesis.

LAS VEGAS--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) announced today that The Wizard of Oz at Sphere, the new Sphere Experience that opened in Las Vegas on August 28, has sold more than 500,000 tickets in total and has generated over $65 million in ticket sales as of Friday, September 12, since going on sale to the public on June 10 of this year. This includes selling more than 280,000 tickets in the 15 days following its premiere. Tickets are on sale through April 2026 at thespher.

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (the “Company” or “Sphere Entertainment”) today announced that the Company repurchased 425,219 shares of SPHR Class A common stock at an average price of $52.91 per share for an aggregate purchase price of approximately $22.5 million from September 3, 2025 through September 11, 2025. The share repurchases were funded using cash on hand. The Company has now repurchased 1,054,247 shares of SPHR Class A common stock at an average pri.

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (the “Company” or “Sphere Entertainment”) today announced that the Company repurchased 629,028 shares of SPHR Class A common stock at an average price of $43.72 per share for an aggregate purchase price of approximately $27.5 million from August 21, 2025 through August 29, 2025. The share repurchases were funded using cash on hand. These share repurchases reflect the Company's confidence in the long-term growth potential of its Sp.

While the top- and bottom-line numbers for Sphere Entertainment (SPHR) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sphere Entertainment (SPHR) came out with a quarterly loss of $2.71 per share versus the Zacks Consensus Estimate of a loss of $1.57. This compares to a loss of $2 per share a year ago.

Sphere Entertainment Co. (NYSE:SPHR ) Q2 2025 Earnings Conference Call August 11, 2025 10:00 AM ET Company Participants Ari Danes - Senior Vice President of Investor Relations, Financial Communications & Treasury James Lawrence Dolan - Executive Chairman & CEO Jennifer Koester - President & COO Robert Langer - Executive VP, CFO & Treasurer Conference Call Participants Antares Mercedes Tobelem - Goldman Sachs Group, Inc., Research Division Brandon A Ross - LightShed Partners, LLC David Karnovsky - JPMorgan Chase & Co, Research Division David Carl Joyce - Seaport Research Partners Peter John Henderson - BofA Securities, Research Division Peter Lawler Supino - Wolfe Research, LLC Operator Good morning, and thank you for standing by. Welcome to the Sphere Entertainment Company Second Quarter 2025 Earnings Conference Call.

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (“Sphere Entertainment” or the “Company”) today reported financial results for the second quarter ended June 30, 2025. Second quarter highlights for the Company's Sphere segment included: In early June, The Sphere Experience featuring Postcard from Earth surpassed four million total tickets sold since opening in October 2023; Kenny Chesney – the venue's first country act – completed a fifteen-show run during May and June, which fo.